20435 Blue Juniper Dr, Katy, TX 77449
3bd / 1.5ba · 1,238 sqft · built 1983 · Single Family (SFR)Analyzed Apr 20, 2026$
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Scenario 1 — Flip
Hard money loan · sell at ARV after rehab
✅
PASSES FLIP
Min 20% ROI · 6-mo hold
70.3%
Flip ROI
Cash to First Close
$15,995
what you bring day 1
Net Profit
$19,360
Max Bid @ 20%
$148,137
$19,360 profit ÷ $27,538 total invested = 70.3%
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$146,773
Purchase (95% LTV)
$128,203
Rehab (100%)
$18,570
Loan-to-ARV
68.6%
Monthly Interest
$1,222/mo
Down Payment5% of $134,950 purchase
$6,748+
Origination Fee1 pts on $146,773 loan
$2,500+
Closing Costs5% of purchase
$6,748=
Cash to First Close
$15,995Holding Period — 6 Months
HML Interest9.99% IO · $1,222/mo × 6$7,331
Property Taxes$265/mo × 6$1,587
Insurance$128/mo × 6$768
Total Holding Costs$9,686
Contingency Reserve10% of rehab — held, not at first close$1,857
Sale Event — Second Close
Sale Price (ARV)
$214,000−
HML Principal Payofffull IO loan balance
$146,773−
Closing Costs3.5% of sale price
$7,490−
Realtor Commission6% of sale price
$12,840=
Net Proceeds to You
$46,898Deal Summary
Net Proceeds at Closing
$46,898−
Cash to First Close
$15,995−
Holding Costs (6 mo)
$9,686−
Contingency Reserve
$1,857=
NET PROFIT
$19,360Max Bid by ROI Target
| ROI | Max Bid | vs Offer |
|---|---|---|
| 10% | $150,676 | ✓ ok |
| 15% | $149,398 | ✓ ok |
| 20% ← | $148,137 | ✓ ok |
| 25% | $146,895 | ✓ ok |
| 30% | $145,669 | ✓ ok |
Scenario 2 — HM→DSCR
Hard money @ 9.99% IO → DSCR refi · 75% ARV · 7.1% / 30yr
❌
FAILS DSCR
Min 1.30x · 7.1% / 30-yr DSCR · 75% of ARV
1.157x
DSCR
Monthly Cash Flow
$169/mo
Cash-on-Cash Yr 1
16.7%
$12,168 left in deal
Acquisition Event — First Close
Hard Money Loan — 9.99% Interest-Only
Loan Amount
$146,773
Purchase (95% LTV)
$128,203
Rehab (100%)
$18,570
Loan-to-ARV
68.6%
Monthly Interest
$1,222/mo
Down Payment5% of $134,950 purchase
$6,748+
Origination Fee1 pts on $146,773 loan
$2,500+
Closing Costs5% of purchase
$6,748=
Cash to First Close
$15,995Holding Period — 2 Months
HML Interest9.99% IO · $1,222/mo × 2$2,444
Property Taxes$265/mo × 2$529
Insurance$128/mo × 2$256
Total Holding Costs$3,229
Contingency Reserve10% of rehab — held, not at first close$1,857
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$160,500−
HML Principal Payofffull IO loan balance
$146,773−
Origination Fee1 pts on $160,500
$1,605−
Closing Coststitle / appraisal / escrow
$3,210=
Cash Back to You
+$8,913Deal Summary
Cash to First Close
$15,995+
Holding Costs (2 mo)
$3,229+
Contingency Reserve
$1,857−
Cash Back at Refi
−$8,913=
Capital Left in Deal
$12,168Equity Position — Day 1 Post-Refi
ARV
$214,000−
DSCR Loan Balance
$160,500=
Equity in Property
$53,500 (25.0%)−
Capital Left in Deal
$12,168=
Value Created
$41,332$53,500 equity on $12,168 deployed = 4.4× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,864−
Property Taxes
$265−
Insurance
$128−
Maintenance (6% rent)
$112−
Management (6% rent)
$112=
OpEx Subtotal
$616=
Net Operating Income
$1,248−
DSCR P&I
$1,079/mo=
Net Cash Flow
$169/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$160,500
Monthly P&I$1,079/mo
Net Cash Flow$169/mo
Cash Back at Refi+$8,913
DSCR
1.157x✗ Fail
Lender DSCR
1.267x✓ Pass
No Cash-Out
70.7% LTV — breakeven refi
Loan Amount$151,312
Monthly P&I$1,017/mo
Net Cash Flow$231/mo
Cash Back at Refi+$0
DSCR
1.227x✗ Fail
Lender DSCR
1.323x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,672/mo | ✓ met |
| 1.10x | $1,794/mo | ✓ met |
| 1.20x | $1,917/mo | +$53 needed |
| 1.30x ← | $2,039/mo | +$175 needed |
| 1.40x | $2,162/mo | +$298 needed |
Scenario 3 — Cash→DSCR
All-cash purchase → DSCR refi · 75% ARV · 7.1% / 30yr
❌
FAILS DSCR
Min 1.30x · 7.1% / 30-yr DSCR · 75% of ARV
1.157x
DSCR
Monthly Cash Flow
$169/mo
Cash-on-Cash Yr 1
28.1%
$7,224 left in deal
Acquisition Event — First Close
Purchase Price
$134,950+
Rehab Budget
$18,570+
Closing Costs5% of purchase
$6,748=
Total Cash to First Close
$160,268Holding Period — 2 Months
Property Taxes$265/mo × 2$529
Insurance$128/mo × 2$256
Total Holding Costs$785
Contingency Reserve10% of rehab — held, not at first close$1,857
DSCR Refinance — Second Close
DSCR Loan Proceeds75% of ARV · 7.1% / 30yr
$160,500−
Origination Fee1 pts on $160,500
$1,605−
Closing Coststitle / appraisal / escrow
$3,210=
Net Cash Recovered
$155,685Deal Summary
Total Cash to First Close
$160,268+
Holding Costs (2 mo)
$785+
Contingency Reserve
$1,857−
Net Cash Recovered at Refi
$155,685=
Capital Left in Deal
$7,224Equity Position — Day 1 Post-Refi
ARV
$214,000−
DSCR Loan Balance
$160,500=
Equity in Property
$53,500 (25.0%)−
Capital Left in Deal
$7,224=
Value Created
$46,276$53,500 equity on $7,224 deployed = 7.4× equity leverage
Monthly Income & Expenses — Post-DSCR
Gross Rent
$1,864−
Property Taxes
$265−
Insurance
$128−
Maintenance (6% rent)
$112−
Management (6% rent)
$112=
OpEx Subtotal
$616=
Net Operating Income
$1,248−
DSCR P&I
$1,079/mo=
Net Cash Flow
$169/moDSCR Ratios — Cash-Out vs No Cash-Out
Cash-Out Refi
75% of ARV — full LTV
Loan Amount$160,500
Monthly P&I$1,079/mo
Net Cash Flow$169/mo
Cash Still Required−$7,224
DSCR
1.157x✗ Fail
Lender DSCR
1.267x✓ Pass
No Cash-Out
75.0% LTV — capped short $7,224
Loan Amount$160,500
Monthly P&I$1,079/mo
Net Cash Flow$169/mo
Cash Still Required−$7,224
DSCR
1.157x✗ Fail
Lender DSCR
1.267x✓ Pass
Required Rent by DSCR Target
| Target | Rent Needed | vs Current |
|---|---|---|
| 1.00x | $1,672/mo | ✓ met |
| 1.10x | $1,794/mo | ✓ met |
| 1.20x | $1,917/mo | +$53 needed |
| 1.30x ← | $2,039/mo | +$175 needed |
| 1.40x | $2,162/mo | +$298 needed |